At the beginning of 2020, BorgWarner said it would acquire Delphi Technology. On October 2, BorgWarner Co., Ltd. announced that it has completed the acquisition of Delphi Technologies, a supplier of automotive systems. The acquisition will enhance BorgWarner’s technical strength and business scale in electronics and power electronics products, and consolidate its leading position in the field of electric drive systems.
Frédéric Lissalde, President and CEO of BorgWarner, said: “Through this strong alliance, BorgWarner has further enriched its production lines in the fields of fuel, hybrid and electric vehicle drive systems, thereby occupying a more favorable position in the market. This acquisition is also expected to strengthen our business strength in the commercial vehicle and aftermarket.”
Delphi Technology provides a variety of leading solutions for internal combustion engines, hybrid power, electric passenger cars and commercial vehicles, aiming to drive a cleaner, better and longer-term travel future. Delphi Technology also relies on its own expertise in the field of original equipment to provide first-class service solutions for the aftermarket. Delphi Technology is headquartered in London, England, with technical centers, factories and customer support departments in 24 countries, and a total of more than 21,000 employees worldwide.
At present, under the background of the global automotive market under pressure, parts and components companies need to stay together for warmth, and industrial repurchase is essential. Parts and components companies need to build a new foundation for industrial development in terms of technological research and strategic layout.
After more than seven months, BorgWarner finally completed the acquisition of Delphi Technology. At present, with the rapid development of the automobile industry, the two companies’ traditional businesses such as engine and transmission businesses have entered a period of decline due to the impact of the epidemic this year. As a result, electrification transformation has become a must for component companies to meet future challenges. After the road. It can be expected that the combination of the two parties may have a certain boost to its business model and business model.